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“Soybean futures are trading lower to start the day, testing technical support,” Total Farm Marketing said. “March futures are 6-3/4 cents lower at $10.42-1/2. May futures are 6-1/2 cents lower at $10.55-1/4. November futures are 5 cents lower at $10.62… The report also raised Brazilian soybean production to 178 mln metric tons from 175 mln last month, a level that would mark a record crop.”
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“Beans closed with double-digit gains and today’s USDA report featured a smaller acreage increase than the trade was expecting, although the r…
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